A stronger than expected Australian labour....>

FOREX: A stronger than expected Australian labour market report put AUD atop the

G10 table overnight as the employment change beat exp., allowing the

unemployment rate to hold lower, vs. exp. of an uptick. AUD/USD hit a peak of

$0.7282, allowing AUD/NZD to break above NZ$1.0700. 

- USD was lower vs. the majors in the main. 

- Sterling garnered some strength yesterday after the cabinet signed off PM

May's Brexit deal, but eased back subsequently, as participants realised that

the deal still requires a difficult parliamentary approval with reports of some

Tory MPs intending to move a no-confidence motion. 

- No apparent impact from the turmoil around Italy & slowing EZ growth on EUR

today, as these factors are now seemingly priced in. 

- Attention turns to UK and U.S. retail sales and plenty of central bank

speeches from Fed, ECB and Riksbank members Thursday.